LAW OF THE AZERBAIJAN REPUBLIC

of June 20, 2014 No. 1007-IVQD

About introduction of amendments to the Code of the Azerbaijan Republic about administrative offenses

Being guided by Item 17 of part I of article 94 of the Constitution of the Azerbaijan Republic, in connection with application of the Law of the Azerbaijan Republic "About introduction of amendments to the Law of the Azerbaijan Republic "About insurance activity" of October 29, 2013 the Majlis of the Azerbaijan Republic decides Millie's No. 806-IVQD:

 In the Code of the Azerbaijan Republic about administrative offenses (Collection of the legislation of the Azerbaijan Republic, 2000, No. 8, the I book, Article 584; 2001, No. 1, Article 24, No. 3, Article 139, No. 7, Article 455, No. 11, Articles 680, 698, No. 12, Article 731; 2002, No. 1, Article 9, No. 4, I book, Article 165, No. 5, Articles 234, 237, 239, No. 6, Article 326, No. 8, Article 463, No. 12, Article 692; 2003, No. 1, Articles 3, 13, 23, No. 4, Articles 177, 178, No. 5, Article 228, No. 6, Articles 257, 276, 279, No. 8, Articles 407, 425, No. 12, I book, Articles 676, 696, II book, Articles 713, 714; 2004, No. 1, Articles 6, 7, 10, 13, No. 4, Articles 200, 201, 204, No. 5, Articles 313, 314, 317, 321, No. 6, Article 397, No. 8, Articles 596, 597, No. 10, Articles 762, 779, No. 11, Article 900, No. 12, Article 973; 2005, No. 1, Articles 5, 6, No. 2, Article 61, No. 4, Articles 272, 273, 275, 278, No. 6, Articles 462, 466, No. 7, Article 576, No. 8, Articles 691, 692, No. 10, Articles 875, 877, 904, No. 11, Articles 993, 994, 995, No. 12, Articles 1083, 1085; 2006, No. 2, Articles 64, 68, No. 3, Articles 219, 220, 223, 225, No. 5, Article 385, No. 6, Article 478, No. 11, Articles 923, 924, 932, No. 12, Articles 1005, 1020, 1024; 2007, No. 1, Articles 3, 4, No. 2, Articles 65, 68, No. 5, Articles 397, 398, 401, 440, No. 6, Articles 560, 561, 562, 579, No. 8, Article 757, No. 10, Articles 935, 936, 938, 940, No. 11, Articles 1048, 1049, 1053, 1070, 1077, 1080, 1089, 1091, No. 12, Articles 1195, 1211, 1217, 1218, 1221; 2008, No. 2, Article 47, No. 3, Articles 146, 152, 159, No. 4, Article 249, No. 5, Article 340, No. 6, Articles 454, 460, 461, 464, No. 7, Articles 601, 602, 605, No. 8, Articles 699, 701, No. 10, Articles 884, 885, No. 11, Articles 956, 957, No. 12, Articles 1045, 1047, 1049; 2009, No. 2, Articles 36, 45, 49, 52, 53, No. 5, Articles 309, 315, No. 6, Articles 404, 405, No. 7, Articles 517, 518, 519, No. 8, Article 611, No. 11, Article 878, No. 12, Article 953, 954, 966, 971; 2010, No. 2, Articles 70, 71, No. 3, Articles 167, 171, 178, No. 4, Articles 275, 276, No. 5, Articles 379, 380, No. 6, Article 483, No. 7, Articles 577, 591, 594, 595, 598, 600, No. 10, Article 838, No. 11, Articles 936, 938, 949; No. 12, Article 1059; 2011, No. 2, Articles 70, 71, No. 3, Articles 162, 164, 167, 168, 170, No. 4, Articles 246, 254, No. 6, Articles 470, 479, 487, No. 7, Articles 596, 614, No. 10, Article 881, No. 11, Article 981, No. 12, Articles 1094, 1095, 1099, 1103, 1106; 2012, No. 1, Article 3, No. 2, Article 50, No. 3, Article 194, No. 4, Article 271, No. 5, Article 404, No. 6, Article 499, No. 7, Articles 667, No. 9, Article 843, No. 11, Articles 1046, 1047, 1055, 1064, 1069; 2013, No. 1, Articles 12, 13, 23, No. 2, Article 100, No. 3, Articles 218, 220, 225, No. 4, Articles 354, 361, No. 5, Articles 461, 473, 480, No. 8, Article 888, No. 11, Articles 1287, 1294, 1300, 1304, 1311, No. 12, Articles 1471, 1480, 1496; 2014, No. 1, Article 2, No. 2, Articles 80, 91, 93, No. 3, Article 236; The Laws of the Azerbaijan Republic on March 4, 2014 No. 917IVQD and 18 of April, 2014 No. 942-IVQD) to make the following changes:

1. Under Article 255:

1.1. "actuaries" shall be replaced with words the word "255.1.... actuaries (except as specified, provided by Articles 255.2 and 255.3 of this Code)";

1.2. add with Articles 255.2 and 255.3 of the following content:

"255.2. Creation by the responsible actuary of the conclusion without observance of the requirements provided by the Law of the Azerbaijan Republic "About insurance activity" and also untimely submission of the conclusion of the actuary to the insurer and body of insurance supervision

attracts imposing of penalty in the amount of three hundred manats.

255.3. Non-presentation by the responsible actuary of written information to body of insurance supervision in the cases established by the Law of the Azerbaijan Republic "About insurance activity"

attracts imposing of penalty in the amount of five hundred manats.";

2. In Article 257-1 disposition to the word "Azerbaijani" to add with the words "except as specified, allowed by the Law of the Azerbaijan Republic " about insurance activity "", shall be replaced with words the words "in the procedure established by the legislation" "with violation of the requirements established by the Law of the Azerbaijan Republic "About insurance activity";

3. In article 360.1 of figure "253-1" to replace with figures "253-1.1".

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